Nick Jarvis, left, and Phil Kockerbeck decided to create their own business in this Tempe garage, bucking the trend of a tough economy for recent graduates. (Source: CBS 5 News)
The men's company, Down2Mob, buys used dirt bikes from individual sellers and Craigslist, repairs them and sells them at a discount. (Source: CBS 5 News)
ASU School of Business Professor Sidnee Peck said the two have a successful business because they saw a niche market and capitalized on it. (Source: CBS 5 News)
Kockerbeck shows off his prowess while taking this mini-bike for a spin in the cul de sac of their Tempe neighborhood. (Source: CBS 5 News)
TEMPE, AZ (CBS5) -
Though the unemployment rate for college graduates has been decreasing, it is still a tough market for those looking for a traditional job after graduation.
So, instead of applying for jobs, Nick Jarvis and Phil Kockerbeck decided to create their own business, Down2Mob just six months ago. And it's already turned a 30 percent profit. Down2Mob is a rider's way of asking, "Are you ready to go fast?"
"I've just always wanted to start my own company, so I was kind of hoping I wouldn't have to apply for a job," Jarvis said.
Started in their Tempe garage, Down2Mob buys used dirt bikes from individual sellers and Craigslist, repairs them and sells them at a discount.
"The only option now is to go into a dealership and look at new factory bikes," explained Kockerbeck, who has been riding dirt bikes for most of his life.
Kockerbeck and Jarvis invested about $3,000 into their business six months ago. Since then, they've turned a profit and are now considering moving the business to a storefront. If that is successful, the two will begin expanding Down2Mob in different states.
"As for the future, we're really planning on one of us moving to California and starting a division there. That would be our expansion and franchise strategy in the future," Jarvis said.
ASU School of Business Professor Sidnee Peck said the two have a successful business because they saw a niche market and capitalized on it.
"What we're really trying to teach is (for students) to look for problems we really have anywhere in our lives so they can create products that solve problems," Peck explained.
Jarvis and Kockerbeck hired one mechanic to help them with their business, and they said they hope to hire more employees in the future.
"I have a lot of friends and people who reach out to us and are looking for employment opportunities, which is exciting," Kockerbeck said.